Author: James Wilson

The years-long federal case against the founders of privacy-focused Samourai Wallet is taking a major turn. Summary Samourai Wallet founders to plead guilty in money laundering case. The outcome of the case may influence the ongoing Tornado Cash trial. The co-founders face up to 25 years in prison if sentenced. According to court filings dated July 29, Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill will formally plead guilty in their money laundering case. The two were arrested back in April 2024, after the U.S. Department of Justice accused them of operating an unlicensed money-transmitting business and facilitating more…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. RI Mining has launched its upgraded AI-powered cloud mining platform, offering XRP, DOGE, and USDT holders a secure and compliant way to earn a daily passive income. Summary RI Mining launches AI-powered cloud mining for XRP, DOGE, and USDT. GENIUS Act drives demand for compliant, passive crypto income. One-click setup delivers stable daily payouts with no conversion needed. As digital asset adoption accelerates and regulatory clarity reshapes the crypto landscape, RI Mining today unveiled its upgraded AI-powered cloud mining…

As Bitcoin’s largest holders reduce their positions, the number of Ethereum whale wallets is increasing, fuelling speculation about a possible altcoin rotation led by Ethereum. Summary ETH whale wallets jumped 8% while BTC whales fell 1.61% in two weeks. $840M in ETH was bought by top holders in 48 hours. CryptoQuant data suggests ETH gains stem from new inflows, not BTC selling and rotation. According to blockchain data shared by Santiment on July 29, the number of wallets holding at least 1,000 Bitcoin (BTC) has fallen by 1.61% in the past two weeks. In contrast, Ethereum (ETH) wallets with at…

Cryptocurrency exchange Kraken is allegedly preparing to raise $500 million in new funding, aiming for a $15 billion valuation. Summary Kraken is targetting a $500M raise at a $15B valuation to support growth. U.S. crypto laws like the GENIUS and CLARITY Acts bring more regulatory certainty and encourage investors. Kraken is expanding through acquisitions, licenses, and new services. The report, published by The Information and confirmed by Reuters on July 30, cites people familiar with the matter. The potential raise comes months after a U.S. court dismissed the Securities and Exchange Commission lawsuit against Kraken in earlier this year, relieving…

Spark crypto price has undone the recent gains. It has crashed by over 57% from its highest point this month and is sitting at its lowest swing since July 22. Summary Spark crypto price has plunged by 57% from its highest point this month. The total value locked in its ecosystem has jumped to a record high. Spark’s staking market capitalization has jumped to $155 million. Spark (SPK) token dropped to $0.08075, giving it a market capitalization of over $89 million, down from the all-time high of $190 million.  SPK falls despite rising staking inflows The Spark crypto token has…

Senator Lummis is dragging federal housing agencies into the 21st century with a bill that mandates crypto be recognized in mortgage approvals. The move challenges decades-old lending rules, potentially opening doors for young buyers, but critics warn it could destabilize the system. Summary Senator Cynthia Lummis introduced a bill requiring Fannie Mae and Freddie Mac to recognize crypto assets in mortgage evaluations. The 21st Century Mortgage Act targets outdated lending criteria and responds to low homeownership rates among Americans under 35. Critics, including Senators Warren and Sanders, argue the move could inject risk into the housing market due to crypto…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. LILPEPE raises $11.8m in presale, eyes top 20 spot as it challenges ADA and SUI with real utility and meme momentum. Summary LILPEPE eyes ADA and SUI as it races toward the crypto Top 20 leaderboard. With $11.8m raised, LILPEPE’s Layer-2 tech is turning heads in presale. Sniper bot-resistant and fast, LILPEPE is building a new memecoin standard. The crypto market has always rewarded underdogs. All eyes are shifting toward Little Pepe (LILPEPE) — a project many believe is…

Hyperliquid’s frontend crashed for half an hour, pausing all trading on the platform and shaking confidence in its token. Summary Hyperliquid DeFi exchange suffered downtime. The issue was related to its front-end connection. HYPE token was down 5% post-crash. In DeFi, decentralization only goes so far, especially when it comes to user-facing components. On Tuesday, July 29, between 14:20 and 14:47 UTC, Hyperliquid’s (HYPE) API crashed, disabling front ends and pausing trading. During that period, users could not open or close trades, enter or exit short positions, or withdraw their funds. Bad news: the Hyperliquid API is downGood news: Hyperliquid appears…

Queens Park Rangers is diving headfirst into asset tokenization, partnering with TokenFi in a sponsorship deal that could turn fan engagement into a tradable market. The EFL Championship club is testing whether blockchain can finally crack mainstream sports. Summary Queens Park Rangers partners with TokenFi in a pioneering move to tokenize fan engagement. The deal includes digital campaigns and explores giving fans ownership stakes in club assets. Future tie-ins with Floki and Valhalla hint at deeper blockchain integration in sports. In a press release dated July 29, Queens Park Rangers and TokenFi announced a multi-year sponsorship agreement that positions the…

Injective price was down nearly 5% in 24 hours as the cryptocurrency experienced slight sell-off pressure following a sharp surge amid exchange-traded funds news. Summary Injective price retreated slightly on July 29, falling about 5% as INJ touched lows of $13.88. The altcoin has surged on Monday amid news that Cboe had filed for the listing of the Canary Capital Staked Injective ETF. Institutional interest in INJ remains as the market eyes regulatory approvals for staked crypto ETFs, including for Ethereum and Solana. The price of Injective (INJ) soared from lows of $14.48 to above $16.35. However, after giving up…